UDTL bags small order from ShivGanga Drillers for stabilizers

Business Updates View source PDF Explain this filing

UNIDT · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-1.9%Reaction day

₹251.00

prior close

₹243.41

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.0%-1.9% vs market

On the reaction day the stock moved 1.9 pts less than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.1

10m

-0.1

15m

-0.1

30m

-0.1

Sessions after the filingfrom the prior close

StockMarketvs market

Reaction day

-1.9-0.0-1.9

Next day

-3.6-2.0-1.6

-3.1-0.1-3.0

-4.3-1.6-2.7

-4.7-2.7-2.1

-10.5+0.3-10.8

-9.6+2.6-12.2

15d

-14.7+4.2-18.9

-11.2+6.2-17.4

-5.2+8.6-13.8

-7.0+11.2-18.2

UpDownMarket · Nifty Microcap 250Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

United Drilling Tools Ltd has secured a domestic order worth INR 16.61 lakh from ShivGanga Drillers Limited for supply of different types of Stabilizers. This is the first order from ShivGanga and is meant to evaluate the performance of UDTL's stabilizers under field conditions. Execution is expected within 1-2 months. UDTL is a leading manufacturer of specialised oil and gas drilling equipment, already supplying similar products to private firms and government PSUs.

Likely market impact

Small evaluation order, unlikely to materially move financials. Positive signal as it opens a new private sector customer relationship.